Immediately north of Burleigh Heads, you will find the bustling suburb of Miami on the Gold Coast of Australia. This town was named after the Miami Hotel which was built in the suburb in 1925.
The property market has come a long way since the 1920s, with cottages initially being fitted with timber and fibro with the foreshore being mostly wetlands. Now, Miami Queensland properties are a sight to behold, with panoramic views of the beach and a lively café culture that is hard to resist.
Apart from all the exciting activities that the beach has to offer, Miami is also known for its Gold Coast Burleigh Golf Club with the adjoining Pizzey Park. Both locals and vacationers alike can try their hand at golf and then enjoy some of the splendour that the walking trails and lake have to offer. If you are a fan of swimming, you can also join any of the three local swimming clubs.
All in all, Miami is an amazing place that offers plenty of activities for both young and old. Whether you want to lounge near the pristine beach, indulge in the street food markets, or take a look at some of the night time art on offer, there has never been a better time to invest in Miami QLD real estate.
Miami Beach welcomes up to 50,000 visitors on an annual basis, which mostly consists of locals who live nearby. Roughly 50% of visitors visit Miami to enjoy the beach’s wide range of amenities, rather than to dip their toes in the water.
The beach’s neighbouring parklands contain playgrounds, beach showers, barbeques and so much more, which makes it the perfect hangout for the entire family. There is also a bike parking lot located at the Miami Surf Life Saving Club, which makes it easy to park near to all of the fun activities that you wish to enjoy.
Compared to nearby coastal towns, Miami is a bit more secluded while hosting a caravan park and a tennis court. The town also sports a strip of beach bungalows – giving Miami a retro vibe and making it a popular choice for vacationers year-round.
Miami Marketta, the town’s street food market comes alive three times a week, which allows you to sample food from all over the world.
Miami is located just 7 kilometres south of Surfers Paradise and 17 kilometres north of the Queensland border. Travelling is made easy with the nearest train station located in Robina just 6 kilometres west of Miami. The Gold Coast Airport is 13 kilometres south of Miami.
The area is home to a wide range of educational institutions, which makes it the perfect location to raise a family. Miami State School and Miami State High School are just two of the options available to you if you decide to call Miami your home.
*recent sales data from realestate.com.au
Mermaid Beach Statistics
The following data (taken from Property Value) gives an overview of the median sale price
Median sale price in the area: $884k
Median price change (1yr): 17.05%
Median rent: $645pw
Median gross yield: 3.8%
Median sale price in the area: $500k
Median price change (1yr): 3.63%
Median rent: $498pw
Median gross yield: 5.2%
Demographics of the Area
As of 2016, Miami’s population totalled 6,817 people, which showed a population growth of 7.1% compared to 2011. People living in Miami are predominantly between 30-39 years old with households likely to be repaying $1800 – $2399 per month on mortgage repayments.
The home owner-occupation rate increased slightly from 2011 to 2016 with 55.5% of Miami homes being owned instead of rented in 2016. There have been 87 Houses sold in Miami in the past 12 months with a median sale price of $910K, up 19.7% annually.
Buyers Advocate Miami
Miami real estate is truly an investor’s dream. With the feel of the suburb drawing in tourists on a daily basis, you cannot go wrong by investing in some beachside property. If you would like to speak to a knowledgeable Miami buyers agent, then Savvy Fox is here to help you out!
With years of experience in buying and selling property, Savvy Fox is the perfect choice for serious buyers that need a bit of help finding their dream property. Don’t delay in finding your perfect holiday home, call Savvy Fox today!